In wake of increasing ATM transaction frauds, Bank of India (BoI) has come up with a new method, using which, customers can withdraw money from the ATM via UPI. BoI, in association with AGS Transact Technologies Ltd have come up with this system. Customers can use the QR code of BoI's UPI and the ATM to withdraw money, Livemint reported. This trasaction is limited to Rs 2,000 for now.
For now, this service is only available to Bank of India customers and at some ATMs. The customers will have to downnload the UPI app of the bank. After selecting the